Adani Power, Tata Technologies and Ceigall India to see some action today

Adani Power (APL) has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company (BSPGCL) for supply of 2,400 MW of power from a greenfield ultra super critical plant to be set up at Pirpainti in Bhagalpur district of Bihar. This is further to the LoA awarded by BSPGCL to APL, on behalf of North Bihar Power Distribution Company (NBPDCL) and South Bihar Power Distribution Company (SBPDCL) in August.

Tata Technologies has entered into a definitive agreement to acquire 100% equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group) for a total cash consideration of 75 million euros. The consideration will be paid over the next two years and includes performance-based earn-outs. The transaction is expected to be EPS accretive from the first full year of operations. ES-Tec’s established presence in Germany - one of the world’s most advanced automotive innovation hubs - provides the company with a strategic platform to scale its ER&D operations, access top-tier engineering talent, and deepen relationships with marquee OEMs.

Ceigall India has emerged as lowest (L1) bidder in Financial Bid Opening for tender invited by Greater Mohali Area Development Authority (GMADA). The project is for development and construction of internal road networks within Pockets B, C, and D of Aerotropolis City, located in S.A.S Nagar. The scope of work includes comprehensive civil works for road infrastructure, along with allied public health services and electrical installations to support the urban infrastructure. 

RailTel Corporation of India has received the Letter of Acceptance (LoA) from State Project Director (Spd) Bihar Education Project Council (Bepc) for implementation for Education Quality Enhancement in Bihar under PM SHRI. The estimated size of order as per LOA is Rs 209.79 crore. The said order is expected to be completed in September 11, 2026.

Engineers India (EIL) has been awarded contract for providing Project Management Consultancy (PMC) Services & Engineering Procurement and Construction Management (EPCM) Services for a New Fertilizer Plant in Africa. The said contract is expected to be completed in 24 months. Contract value is approximately Rs 618 crore.  

Diamond Power Infrastructure has received a letter of intent from Adani Energy Solutions for supply of 5403 KM AL-59 Zebra Conductor for Jamnagar Project worth Rs 236.71 crore including tax. The order is to be executed by June 30, 2026.

Apollo Hospitals Enterprise has received approval to acquire 31% stake held by International Finance Corporation in Apollo Health and Lifestyle (AHLL), a subsidiary of the company, for a consideration of Rs 1,254 crore. The board of directors of the company in their meeting held on September 12, 2025 have approved the same. Following the transaction, AHLL will become a 100% subsidiary of the company with 99.42% held by the company and balance in the ESOP pool, creating greater flexibility for sharper capital allocation, disciplined growth, synergy in operations with AHEL and improved return on capital employed (ROCE) across its businesses.